The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1887-12-08
PORT ROYAL REDEEMED.
The Purchase by Englishmen-What
the Syndicate Proposes TO Do.
augusta Chronicle, Nor. %

The Chronicle has gotten at the
bottom of some of the facts in the
Port Royal deal. 1t is now firmly
believed that the big purchase, of
which We have heard so much during
the past two weeks, means great
deal .'or this section. 1t seems that
Mr.. Vanderbilt's visit some time
since to the port, and his rumored in
tention of buying up the place, first
directed attention to the city. 1t is
now learned that the wealthy English
company, who have just closed the
purchase. carefully investigated the
port and its surroundings. The pur.
chase was the result of determine.
tion on the part of the company to
provide a ''short hsul;' that it's pro-
ducts of the Pacific coast, the great
West and South we're flowing into
England, going by the way of New
York, and the idea was to provide
transportation route for importations
direct, without reflection. This syn
dicate has come to the conclusion
that Port Royal is the port they
want.
SOME FIGURES.
For instance, transportation via
Port Royal 20 Liverpool, instead Of
New York. would reduce the dis
tance which goods must travel from
Augusta 725 miles, Louisville, KY, 81
miles, Cheyenne IT'S miles, San Fran.
cisco $50 miles, Chattanooga, Mem.
phis and Nashville 429 miles, Mont
gomery 762 miles, Santa Fe 500
miles, New Orleans 8l6 miles, San
Diego 1851 miles. These figures in.
dicate how much nearer the places
named woul1 be brought to Liver.
poo! by using South Atlantic port.
-one capable of meeting their re.
quirements, and they picked out
Port Royal.
1t will thus be seen that the pur-
chase has on its face the evidence of
having been the out come of a busi'
ness proposition, and that specula-
tion does not enter into the matter
at all.
PORT ROYALS REDEMPTION.
This English company has cap
tai of S2,5O0,000. The Importation
into Liverpool of cattle appears to
be the chief object, and this is why
stress is laid on the shortening of
distance from the ranch country
thousands OF miles. Of course al
kinds of Western produce and South.
ern products will enter into the new
channel of trade, and the return.
cargoes will make Port Royal dis
tributing point for even the New
England markets, which now handle
English exports.
These capitalists are not going it
blind. They have moved with eau
tion so far, and are still carefully
testing their ground. Recognizing
the Importance of interesting people
on this side in the enterprise, they
decided to select an advisory com.
mittee or board from solid citizens in
this section. These appointments
have been made, and four out of the
FIVE are Georgians. These gentle
men are solid and substantial.
and would not be identified with
the affair if it had the semblance
Of wildcat speculation acout it.
AMPLE FACILITIES.
While various kinds of projects are
thought of by the company, they
have taken steps to provide ample
railroad facilities, making Augusta
their frst point on the way West
ward. The banking business of the
company will be with the National
Bank Of Augusta.
Mr.. Edmund Flynn, who is general
manager, is in Columbia to-day con-
sulting with gentlemen who are on
the advisory board from South Caro-
lima. He leaves for Europe Satur.
day and will return to tue South
within three months, when business
will be commenced.
The purchase at Port Royal con.
slsts of $500 acres. Wharves on an
extensive scale will be built at Port
Royal ane Paris ;Island-the latter
The deepest point, where the United
States Coaling is now located.
1t does seem that the redemption
Of Port Royal is at hand.